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Recovery?  How, Given THIS?
Recovery? How, Given THIS?
This is the sort of thing that, in my opinion, makes meaningful economic recovery impossible. (Click for a larger copy) Here's what it says: To continue to provide our customers with access to credit, we have had to adjust our pricing. .... These changes include an ...
Baseline Scenario, October 30, 2009
baselinescenario.com — Yesterday morning I testified to a Joint Economic Committee of Congress hearing. The session discussed the latest... GDP numbers, the impact of the fiscal stimulus earlier this year, and whether we need further fiscal expansion of any kind. I argued that a global recovery is underway and in ... (more) Baseline Scenario, October 30, 2009
The Curious Capitalist
curiouscapitalist.blogs.time.com — What can we learn from this morning's surprisingly strong 3.5% real GDP growth report ? 1) Goldman... Sachs does not know all. The bank's economists had been on eerie run of sending out prescient alerts the day before major data releases—mainly the ... (more) The Curious Capitalist
The GDP Mirage
The GDP Mirage
businessweek.com — By overlooking cuts in research and development, product design, and worker training, GDP is greatly overstating the... economy's strength (more) The GDP Mirage
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Citigroup's "Hail Mary Pass": How To Know Citigroup Is In Serious Trouble
Mish's Global Economic Trend Analysis — ... In case you missed it, please take a look at Karl's post from yesterday Recovery? How, Given THIS? where he showed some nice Citigroup statistics and an actual "jack letter" from Citigroup to its customers. ...

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